JUST IN 🚨: Fidelity now holds more than 150,000 Bitcoin $BTC worth over $10.2 billion
Source: barchart
No one can make more than 21 million Bitcoin.
Source: Bitcoin Magazine
Hedge funds are shorting Bitcoin at record levels.
Is another massive short squeeze ahead of us ? Source: Bloomberg, www.zerohedge.com
The Bitcoin halving is now only about 16 days away 👀
https://bitbo.io/halving/ Source: Bitcoin Magazine
Gold is soaring while Bitcoin – digital Gold – is slumping?
Bitcoin has shown itself to be more correlated w/risk-sensitive assets. Over the past 3yrs, Bitcoin has the highest monthly correlation w/Mag7 at 0.63. Correlation between Bitcoin and Nasdaq 100 is 0.58, between Bitcoin and S&P 500 is 0.54. Correlation between Bitcoin and Gold is very low at 0.23 - at 1 link would denote the two assets trade in sync. (HT @barronsonline) - HolgerZ, Bloomberg
The first ever 2x and -2x spot bitcoin ETFs hit the market yesterday from ProShares.
$BITU and $SBIT (tickers could have been better). $BITX is 2x but it tracks futures and $BITI is -1x but is also futures. Fee 95bps on both. Haven't traded too much so far, under $1m. Source: Eric Balchunas, Bloomberg
NEW: 🇺🇸 Spot Bitcoin ETFs bought 66,008 BTC in March, while miners only produced 28,513 BTC
Source: Bitcoin Magazine
Here's the (probable) reason for today's sell-off on bitcoin ->
*WALLET LABELLED AS 'SILK ROAD DOJ CONFISCATED FUNDS' CONTAINING $2 BILLION OF BITCOIN INSTIGATES POSSIBLE TEST TRANSACTION FOR 0.001 BTC TO COINBASE PRIME WALLET: ARKHAM DATA AND LABELLING - THE BLOCK PRO See chart below highlighting the effects on bitcoin of last Silk Road sale... Source: www.zerohedge.com
